JDS Uniphase, SDL in $41 Billion Merger
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[Nepean, CANADA] JDS Uniphase Corp. and SDL, Inc. agreed to a merger valued at approximately $41 billion based on closing stock prices. Subject to customary closing conditions, this deal means that SDL will operate as a wholly-owned subsidiary of JDS Uniphase.
Internet growth has created rapidly accelerating demand for bandwidth that is driving the build-out of telecommunication network capacity and flexibility.
This merger is expected to help create and deploy high-capacity, flexible optical networks by accelerating the delivery of products and building blocks of optical networks. These include optical amplifiers, lossless optical switches, and integrated optical modules.
JDS Uniphase and SDL share a common vision to provide customers with innovative and technologically advanced products that enhance their ability to deliver next-generation optical systems, according to Don Scifres, SDL chairman, president and chief executive officer. He continued, "We also expect to enable the migration from today's hybrid integration and module level products to tomorrow's truly integrated system on a chip."
JDS Uniphase designs, develops, manufactures and distributes products for the fiber optic communications market.